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Financial Planning tip; Create or Update your Will

05 Apr

 

AUTHOR

AUTHOR

Creating a Will is not our Culture; Majority of Tanzanians  don’t have a will and do not see the importance of having one. Many people think creating  a will is bad omen!

If you have dependents, no matter how little or how much you own, you need a will. If your situation isn’t too complicated you can even do your own with and find a lawyer to legalise it. Protect your loved ones. Write a will.

Who needs a Will?

1. Do you care who gets your property if you die?

2. Do you care who gets your money if you die?

3. Do you care who is appointed guardian of your minor children if you die?

Wills are not just for the rich. Regardless of how much or how little money you have, a will ensures that whatever personal belongings and assets you do have will go to family or beneficiaries you designate. Without a will, the court makes these decisions.

If you have children, a will is a must, to ensure that you get to choose your children’s guardian. Few people plan to die in the near future, but if you die suddenly without a will, you’ll be subjecting your family and loved ones to confusion and anxiety at what is already a difficult time.

Note that the best of wills won’t be any good if nobody knows how to find it. Make sure your family members and your executor know where your will is kept.

I will find a lawyer to guide us on how to go about creating a Will and share.  

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2 responses to “Financial Planning tip; Create or Update your Will

  1. ummy mwinyirunga

    April 5, 2012 at 6:02 pm

    Its true and family members will mis use. Your money and property. Noted mj

     
  2. Nalovina Nancuta

    April 10, 2012 at 11:49 am

    It is an important tip that most of us “africans” need to understand. Please share more into details. Thanks

     

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